Bitcoin inches up above psychological threshold of $20,000

FILE - An advertisement of Bitcoin, one of the cryptocurrencies, is displayed on a building in Hong Kong, on Nov. 18, 2021. Bitcoin and other cryptocurrencies were collapsing in price Monday, June, 13, 2022 after the major crypto lender Celsius halte

OAKLAND, California — The price of a bitcoin inched above $20,000 on Sunday after the broader crypto selloff dragged it below the significant psychological threshold a day earlier. The price of the world’s most popular cryptocurrency was $20,129.70 as of Sunday afternoon. On Saturday, bitcoin had plunged as much as 9.7% to less than $18,600 … Read more

Bitcoin Bounces After Rout But Vibe Is Still ‘Strongly Negative’

Bitcoin Bounces After Rout But Vibe Is Still ‘Strongly Negative’

Bitcoin snapped a 12-day slide, bouncing along with the rest of the cryptocurrency market after a record-breaking string of declines. Analysts cautioned the respite may be brief. The world’s largest cryptocurrency climbed as much as 12% early Sunday, recouping much of its losses from a steep drop Saturday that sent the token to as low … Read more

Microsoft retires Internet Explorer and ends support

Microsoft retires Internet Explorer and ends support

Microsoft Corp. Chairman Bill Gates announces a new version of Microsoft Internet Explorer for Windows XP and that Microsoft would include Windows AntiSpyware technology at no extra charge, during his keynote address at RSA Conference 2005 in San Francisco, Tuesday, Feb. 15, 2005. The two new enhancements will lead to safer Web browsing according to … Read more

5 things to know before the stock market opens Tuesday, June 14

5 things to know before the stock market opens Tuesday, June 14

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to rise after S&P 500 officially closed in bear market Traders on the floor of the NYSE, June 13, 2022. Source: NYSE U.S. stock futures bounced after Tuesday’s cooler inflation report and what could … Read more

Coinbase lays off 18% as execs prepare for recession, ‘crypto winter’

Coinbase lays off 18% as execs prepare for recession, 'crypto winter'

Coinbase is laying off almost a fifth of its workforce amid a collapse in its stock and crypto prices. The cryptocurrency exchange will cut 18% of full-time jobs, according to an email sent to employees Tuesday morning. Coinbase has roughly 5,000 full-time workers, translating to a head count reduction of around 1,100 people. Shares of … Read more

How can companies atone for slavery ties? Financial giant sets an example: expert

How can companies atone for slavery ties? Financial giant sets an example: expert

The Value Gap is a MarketWatch Q&A series with business leaders, academics, policymakers and activists on reducing racial and social inequalities. While slavery in the U.S. was abolished more than 150 years ago, organizations that profited from it still operate today — and it’s in their best interest to fully atone for the past, says … Read more

Crypto Lender Celsius’s Coin (CEL) Falls 53% as the Company Freezes Withdrawal

Crypto Lender Celsius's Coin (CEL) Falls 53% as the Company Freezes Withdrawal

A month after the implosion of the Terra stablecoin sent the crypto market reeling, another crisis is causing fresh angst across the entire digital-asset universe. Celsius Network Ltd., one of the biggest lenders in crypto and a key player in the world of decentralized finance, said late Sunday that it was pausing withdrawals, swaps and … Read more